高管在职消费对上市高新技术企业创新绩效的影响——基于内部控制调节视角的实证研究

The impact of executive on-the-job consumption on the innovation performance of high-tech listed enterprises:an empirical study from the perspective of moderating effect of internal control

选取2018—2022年中国沪深A股上市高新技术企业数据,构建高管在职消费和企业创新绩效之间关系的实证分析模型,并探究内部控制对两者关系的调节作用。实证研究发现:高管在职消费正向促进上市高新技术企业创新绩效,内部控制负向调节二者关系。上市高新技术企业应重视高管在职消费这一隐性激励,同时建设合理适度的内部控制机制,从而更好地促进企业创新绩效提升。

Based on the data of China’s A-share High-tech Listed Enterprises in Shanghai and Shenzhen from 2018 to 2022,the empirical analysis model was used to test the relationship between executive on-the job consumption and innovation performance,and to explore the moderating effect of internal control between executive on-the-job consumption and innovation performance.The empirical results show that the executive on-the-job consumption positively promotes the innovation performance of listed high-tech enterprises,and the internal control negatively moderates the relationship between executive on-the-job consumption and innovation performance.To better promote the improvement of enterprise innovation performance,listed high-tech enterprises should pay attention to the implicit incentive of executive on-the-job consumption and establish a reasonable and appropriate internal control mechanism.